FULLER ROAD MANAGEMENT CORPORATION

EIN: 141772760

ALBANY, NY

Total Revenue
$234,644,379
Total Expenses
$10,800,000
Total Assets
$814,495,745
Net Assets
$496,637,005
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
DAVID ANDERSON
Phone
5189567322
Tax Period
2024-07-01 to 2025-06-30

FULLER ROAD MANAGEMENT CORPORATION, founded in 1993, is a major nonprofit that reported $234.6M in total revenue in fiscal year 2024. Revenue surged 413% from the prior year, signaling strong growth momentum. The organization ran a surplus of $223.8M, a strong 95% operating margin.

Mission

FULLER ROAD MANAGEMENT CORPORATION WAS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY AND COLLECTING INCOME THEREFROM. ITS MISSION IS TO PURCHASE, ACQUIRE, OWN, HOLD, IMPROVE AND DEVELOP LANDS, BUILDINGS AND OTHER REAL PROPERTY IMPROVEMENTS THAT PROVIDE FACILITIES THAT PROMOTE RESEARCH, EDUCATION AND ECONOMIC DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $699,784
Program Service Revenue $0
Investment Income $1,428,465
Other Revenue $232,516,130
TOTAL REVENUE $234,644,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $10,800,000
TOTAL EXPENSES $10,800,000

Year-over-Year Comparison

2024 2023 Change
Revenue $234,644,379 $45,778,524 +4.1%
Expenses $10,800,000 $10,115,909 +0.1%
Net Income $223,844,379 $35,662,615 +5.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,633,351
Total Directors
10
$72,692
Key Employees
3
$951,436
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER HAGE DIRECTOR 0.50
Director
$0 $0 $0
JASMINKA HUSIC DIRECTOR, AS OF 6/12/25 0.50
Director
$0 $0 $0
JOAN MCDONALD DIRECTOR 0.50
Director
$0 $0 $0
KRISTIN PROUD DIRECTOR 0.50
Director
$0 $0 $0
MENG-LING HSIAO DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL ABBOTT DIRECTOR 0.50
Director
$0 $0 $0
TERRENCE DALY DIRECTOR, AS OF 4/7/25 0.50
Director
$0 $0 $0
DOUGLAS GROSE CHAIR 0.50
Director
$0 $0 $72,692
DR ANDREA GOLDSMITH DIRECTOR, AS OF 6/12/25 0.50
Director
$0 $0 $0
MICHAEL CADIGAN DIRECTOR, AS OF 6/13/25 0.50
Director
$0 $0 $0
DAVID ANDERSON PRESIDENT 10.00
Officer
$423,795 $54,493 $478,288
PATRICIA BUCKLIN SECRETARY 20.00
Officer
$187,984 $19,325 $207,309
PAUL KELLY VP STRATEGY, PSHIPS & NV, & COO 4.00
Officer
$283,236 $44,969 $328,205
SCOTT BATEMAN TREASURER 0.50
Officer
$0 $0 $0
TIMOTHY TAYLOR VP CORPORATE FINANCE & CFO 15.00
Officer
$246,552 $129,144 $375,696
REBECCA BORDEN GENERAL COUNSEL 16.00
Officer
$209,772 $34,081 $243,853
WILLIAM BRONNER VP OF HUMAN RESOURCES 15.00
Key Emp
$230,164 $58,875 $289,039
CHRISTOPHER BORST VP OF TECHNOLOGY & INFRASTRUCTURE 15.00
Key Emp
$268,685 $140,737 $409,422
MAURICE RAGHUBAR VP OF IT & CHIEF INFORMATION OFFICER 15.00
Key Emp
$240,772 $12,203 $252,975
PATRICIA ARCIERO-CRAIG PAST CAO, ACT GEN COUNSEL 0.00
$456,367 $23,457 $479,824
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $234,644,379 $10,800,000 $814,495,745 $223,844,379
2024 $45,778,524 $10,115,909 $528,808,732 $35,662,615
2023 $-6,182,096 $12,502,814 $507,055,843 $-18,684,910
2022 $-8,158,710 $6,630,319 $555,735,538 $-14,789,029
2021 $4,855,956 $14,848,309 $601,969,946 $-9,992,353
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